We assign a technical rating of 7 out of 10 to SHBI. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SHBI is only an average performer.
- The long and short term trends are both positive. This is looking good!
- SHBI is one of the better performing stocks in the Banks industry, it outperforms 73% of 383 stocks in the same industry.
- SHBI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SHBI is lagging the market slightly.
- In the last month SHBI has a been trading in the 17.31 - 18.91 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- Looking at the yearly performance, SHBI did better than 79% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Besides having an excellent technical rating, SHBI also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 17.97, a Stop Loss order could be placed below this zone.
More info and screens
15.03
4 important support areas can be observed.
- A support zone ranging from 17.94 to 17.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.34 to 17.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.59 from a trend line in the daily time frame.
- A support zone ranging from 15.18 to 15.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @18.07 from a trend line in the daily time frame.
- A resistance zone ranging from 18.75 to 18.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SHBI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SHBI is up. |
| ChartMill Relative Strength | 79.47 | POSITIVE | SHBI has a high relative strength, it outperformed 79.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SHBI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SHBI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SHBI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.02 | NEUTRAL | The RSI value for SHBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SHBI has a negative trend. |
| Stochastics (14,3) | 56.57 | NEUTRAL | The Stochastics value for SHBI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.51 | MEDIUM VOLATILITY | The ATR as a percentage value for SHBI suggests some volalility. |
| Average Directional Index/ADX (14) | 22.07 | NEUTRAL | The ADX value for SHBI suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 18.08 | 17.93 | 0.15 (0.83%) | 25.00% |
| An entry @18.08. This is a Buy Stop order right above the resistance zone. | An exit @17.93. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.15 points, which is 0.83%. | For a 0.21% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SHBI. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
17.98
-0.28 (-1.53%)
SHORE BANCSHARES INC / SHBI FAQ
What is the technical rating for SHBI stock?
ChartMill assigns a technical rating of 7 / 10 to SHBI.
Can you provide the trend direction for SHORE BANCSHARES INC?
The current trend direction for SHORE BANCSHARES INC (SHBI) is Bullish.
What is the RSI signal for SHBI stock?
SHORE BANCSHARES INC (SHBI) has an RSI value of 52.0154. This indicates that the stock is currently neutral.
What is the short term momentum for SHORE BANCSHARES INC (SHBI) stock?
The short term momentum for SHORE BANCSHARES INC (SHBI) is positive.
What is the buy/sell signal for SHORE BANCSHARES INC (SHBI) stock?
The buy/sell signal for SHORE BANCSHARES INC (SHBI) is buy as both the short term and long term trends are positive.